Sensata Technologies Holding plc (NYSE:ST) Short Interest Update

Sensata Technologies Holding plc (NYSE:ST) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 3,760,000 shares, a decline of 16.3% from the June 30th total of 4,490,000 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is currently 1.7 days.

Sensata Technologies Price Performance

Shares of ST traded up $0.38 during mid-day trading on Tuesday, hitting $38.28. The company’s stock had a trading volume of 2,970,847 shares, compared to its average volume of 2,133,978. Sensata Technologies has a fifty-two week low of $30.56 and a fifty-two week high of $43.14. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of -344.06, a PEG ratio of 1.10 and a beta of 1.26. The firm has a 50-day moving average price of $39.40 and a 200 day moving average price of $37.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.64 and a quick ratio of 1.74.

Sensata Technologies (NYSE:ST) last announced its quarterly earnings data on Monday, July 29th. The scientific and technical instruments company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sensata Technologies had a positive return on equity of 17.58% and a negative net margin of 0.35%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, research analysts predict that Sensata Technologies will post 3.75 EPS for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.25%. Sensata Technologies’s dividend payout ratio is -436.32%.

Analysts Set New Price Targets

ST has been the subject of several research reports. Vertical Research assumed coverage on shares of Sensata Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $55.00 price objective for the company. Evercore ISI raised shares of Sensata Technologies from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $44.00 to $60.00 in a report on Monday, May 6th. Bank of America lowered their target price on shares of Sensata Technologies from $44.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday. Truist Financial cut their target price on Sensata Technologies from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of Sensata Technologies from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.40.

Insider Activity

In related news, Director Ali John Mirshekari acquired 73,137 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $39.17 per share, for a total transaction of $2,864,776.29. Following the acquisition, the director now directly owns 73,137 shares in the company, valued at approximately $2,864,776.29. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new position in shares of Sensata Technologies during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust raised its stake in shares of Sensata Technologies by 761.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 887 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 784 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sensata Technologies by 399.0% in the 2nd quarter. GAMMA Investing LLC now owns 968 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 774 shares during the last quarter. Versant Capital Management Inc acquired a new position in Sensata Technologies during the second quarter valued at approximately $37,000. Finally, SageView Advisory Group LLC bought a new position in shares of Sensata Technologies in the first quarter valued at approximately $85,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.